Publication:
Impacts of the MERCOSUR agreement on the Uruguayan economy

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Authors
Legorburu, Beatriz.
Subjects
MERCOSUR
Common External Tariff
Free Trade Zone
Economic Regionalization
Customs Union
Economic Integration
Advisors
Gates, William
Henderson, David
Date of Issue
1994-06
Date
Publisher
Monterey, California. Naval Postgraduate School
Language
en_US
Abstract
This thesis examines the MERCOSUR agreement (Common Market of the Southern Cone), specifically the provision for a common external tariff and its impact on the economy of Uruguay. The thesis begins by examining the economic regionalism which gives rise to trade agreements such as MERCOSUR and investigates the trade mechanisms through which such regionalism is accomplished. The provisions and background of the MERCOSUR agreement are explored, as well as the economic conditions, current and historical, which exist in the participant countries. The work continues by exploring two possibilities for Uruguay: (1) to continue economic integration by entering a customs union scheduled to take effect on January 1995 or (2) to remain in a free trade zone with the other three countries (Argentina, Brazil and Paraguay). These two possibilities are analyzed using traditional and new theories of international trade. The study further examines foreign direct investment and technology in the context of Uruguayan participation in MERCOSUR or in a free trade zone. The study concludes that if Uruguay, due to its small size, could obtain the special treatment of a free trade zone, the costs of trade diversion would be reduced and Uruguayan welfare would increase
Type
Thesis
Description
Series/Report No
Department
Management
Organization
Naval Postgraduate School (U.S.)
Identifiers
NPS Report Number
Sponsors
Funder
Format
129 p., 28 cm.
Citation
Distribution Statement
Approved for public release; distribution is unlimited.
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